One of the interesting surprises of the resale marketplace in 2016 in the Greater Toronto Area was the strength of the condo market. The lack of listings in the single-family home category persuaded many potential purchasers to take another look at high-rise living. The trend appears to be continuing in 2017. In 2016, sales […]
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What you can be expecting to buy or sell a home in 2017
Interest Rates The inching up of interest rates and most stringent mortgage rules are among the factors that could play a role in tempering sales in the red-hot Toronto region market, mentions Jason Mercer, Manager of Market Analysis for Toronto Real Estate Board (TREB). Those results could be enough for some households to put […]
Toronto home prices jump in October despite new mortgage rules
Toronto’s real estate sales climbed more than 11 per cent of the members in October, 2016 compared with a year earlier, despite the introduction of new federal mortgage regulations aimed at chilling the region’s overheated housing market. The average cost of all homes across the Toronto region rose 21 per cent of the members […]
New regulations ‘not the end of the world’ in Toronto – Builder
In toronto real estate, while the Toronto condominium market will certainly feel the dampening effects of the recent changes to federal rules governing mortgages, a renowned builder and real estate broker was contended that such adjustments will not inevitably lead to price corrections and sales decline in the city.“It’s really not the end of […]
CMHC elevates red flag about housing, warns of Toronto, Vancouver price spillover
In toronto real estate, the head of the federal housing agency is raising a red flag about the government of Canada’s real estate sector, saying affordability fears have spilled over from the country’s two most expensive cities to nearby markets. In an opinion piece written Monday in the Globe and Mail, CMHC CEO Evan […]
